DGCIX vs. CXHYX
DGCIX (Delaware Corporate Bond Fund) and CXHYX (Delaware National High-Yield Municipal Bond Fund) are both mutual funds - DGCIX is a Corporate Bonds fund managed by Delaware Funds, while CXHYX is a High Yield Muni fund managed by Delaware Funds. Over the past 10 years, DGCIX returned 2.52%/yr vs 3.10%/yr for CXHYX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. DGCIX charges 0.57%/yr vs 0.85%/yr for CXHYX.
Performance
DGCIX vs. CXHYX - Performance Comparison
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Returns By Period
In the year-to-date period, DGCIX achieves a -1.07% return, which is significantly lower than CXHYX's 0.95% return. Over the past 10 years, DGCIX has underperformed CXHYX with an annualized return of 2.52%, while CXHYX has yielded a comparatively higher 3.10% annualized return.
DGCIX
- 1D
- 0.13%
- 1M
- -1.98%
- 6M
- -1.28%
- YTD
- -1.07%
- 1Y
- 1.25%
- 3Y*
- 4.15%
- 5Y*
- -0.88%
- 10Y*
- 2.52%
- ALL TIME*
- 5.37%
CXHYX
- 1D
- -0.42%
- 1M
- -2.25%
- 6M
- 0.21%
- YTD
- 0.95%
- 1Y
- 5.61%
- 3Y*
- 4.12%
- 5Y*
- 0.16%
- 10Y*
- 3.10%
- ALL TIME*
- 4.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DGCIX vs. CXHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGCIX Delaware Corporate Bond Fund | -1.07% | 6.89% | 2.81% | 7.08% | -16.87% | -0.65% | 11.99% | 17.38% | -3.78% | 7.91% |
CXHYX Delaware National High-Yield Municipal Bond Fund | 0.95% | 1.71% | 5.76% | 8.26% | -14.85% | 7.86% | 6.49% | 11.52% | 1.58% | 10.15% |
Correlation
The correlation between DGCIX and CXHYX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 1998 | 0.53 |
The correlation between DGCIX and CXHYX shifts across timeframes, from 0.52 (10 years) to 0.63 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DGCIX vs. CXHYX — Risk / Return Rank
DGCIX
CXHYX
DGCIX vs. CXHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Corporate Bond Fund (DGCIX) and Delaware National High-Yield Municipal Bond Fund (CXHYX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DGCIX | CXHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.37 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 2.19 | -1.49 |
| Martin ratioReturn relative to average drawdown | 2.14 | 7.88 | -5.74 |
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Drawdowns
DGCIX vs. CXHYX - Drawdown Comparison
The maximum DGCIX drawdown since its inception was -22.98%, which is greater than CXHYX's maximum drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for DGCIX and CXHYX.
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Drawdown Indicators
| DGCIX | CXHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.98% | -21.82% | -1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -3.16% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | -8.33% | +2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -22.98% | -20.11% | -2.87% |
Max Drawdown (10Y)Largest decline over 10 years | -22.98% | -20.11% | -2.87% |
Current DrawdownCurrent decline from peak | -4.71% | -2.35% | -2.36% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -2.57% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.88% | +0.24% |
Volatility
DGCIX vs. CXHYX - Volatility Comparison
The current volatility for Delaware Corporate Bond Fund (DGCIX) is 1.08%, while Delaware National High-Yield Municipal Bond Fund (CXHYX) has a volatility of 1.14%. This indicates that DGCIX experiences smaller price fluctuations and is considered to be less risky than CXHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGCIX | CXHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.14% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.39% | 3.02% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 3.98% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.47% | 6.10% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.04% | 5.81% | +0.23% |
DGCIX vs. CXHYX - Expense Ratio Comparison
DGCIX has a 0.57% expense ratio, which is lower than CXHYX's 0.85% expense ratio.
Dividends
DGCIX vs. CXHYX - Dividend Comparison
DGCIX's dividend yield for the trailing twelve months is around 4.77%, more than CXHYX's 4.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXHYX Delaware National High-Yield Municipal Bond Fund | 4.69% | 6.41% | 5.43% | 3.99% | 4.94% | 3.61% | 4.42% | 5.27% | 4.92% | 4.98% | 3.87% | 3.77% |
DGCIX Delaware Corporate Bond Fund | 4.77% | 5.06% | 4.84% | 3.78% | 3.81% | 4.56% | 3.72% | 4.54% | 4.18% | 4.11% | 3.63% | 4.17% |
Frequently Asked Questions
DGCIX and CXHYX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CXHYX has higher volatility (1.14%) compared to DGCIX (1.08%). In terms of maximum drawdown, DGCIX dropped -22.98% vs CXHYX's -21.82%.
CXHYX currently has the higher Sharpe Ratio (1.74 vs 0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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